Charity overview

Activities - how the charity spends its money

Individuals: where no direct award to School, grants for fees/maintenance for F/T degree courses in practical Fine & Applied Arts at accredited UK schools, min age 18. Priority to those educated mainly in UK; PDF application form available to download Jan-April from www.southsquaretrust.org.uk. Closing date 30 April. Charities: visit website to check eligibility, no unsolicited requests accepted.

Income and expenditure

Data for financial year ending 31 July 2018

Total income:
£887,204

	Donations and legacies	£0
	Charitable activities	£0
	Other trading activities	£0
	Investments	£198.61k
	Other	£688.60k

Total expenditure:
£274,407

	Raising funds	£20.81k
	Charitable activities	£253.60k
	Other	£0

£126,897 investments gains (losses)

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

	Raising funds and other expenditure	£20.81k
	Charitable expenditure	£253.60k
	Retained for future use	£612.80k

Show investment gains

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making

What the charity does:

General Charitable Purposes
Education/training
Arts/culture/heritage/science

Who the charity helps:

Children/young People
Other Charities Or Voluntary Bodies

How the charity helps:

Makes Grants To Individuals
Makes Grants To Organisations

Where the charity operates:

Throughout England And Wales
Northern Ireland
Scotland

Governance

Registration history:

27 November 1979: Standard registration
07 May 2019: Funds received from 1071055 MRS H L GRIMWADE CHARITABLE TRUST
12 February 2020: Funds transferred to 1184905 THE SOUTH SQUARE TRUST
12 February 2020: Removed (Amalgamated)

Organisation type:

Trust

Other names:

No other names

Gift aid:

Not recognised by HMRC for gift aid

Other regulators:

No information available

Policies:

Complaints handling
Conflicting interests
Investment
Risk management

Land and property:

This charity does not own and/or lease land or property

Financial history

Financial period end date

Income / Expenditure	31/07/2014	31/07/2015	31/07/2016	31/07/2017	31/07/2018
Total gross income	£208.26k	£197.23k	£177.88k	£210.61k	£887.20k
Total expenditure	£181.80k	£209.46k	£227.43k	£241.29k	£274.41k
Income from government contracts	N/A	£0	£0	£0	N/A
Income from government grants	N/A	£0	£0	£0	N/A
Income - Donations and legacies	N/A	N/A	N/A	N/A	£0
Income - Other trading activities	N/A	N/A	N/A	N/A	£0
Income - Charitable activities	N/A	N/A	N/A	N/A	£0
Income - Endowments	N/A	N/A	N/A	N/A	£0
Income - Investment	N/A	N/A	N/A	N/A	£198.61k
Income - Other	N/A	N/A	N/A	N/A	£688.60k
Income - Legacies	N/A	N/A	N/A	N/A	£0
Expenditure - Charitable activities	N/A	N/A	N/A	N/A	£253.60k
Expenditure - Raising funds	N/A	N/A	N/A	N/A	£20.81k
Expenditure - Governance	N/A	N/A	N/A	N/A	£11.58k
Expenditure - Grants institution	N/A	N/A	N/A	N/A	£173.20k
Expenditure - Investment management	N/A	N/A	N/A	N/A	£20.81k
Expenditure - Other	N/A	N/A	N/A	N/A	£0

Assets and liabilities

Definitions for assets and liabilities

Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

Asset / Liability	31/07/2014	31/07/2015	31/07/2016	31/07/2017	31/07/2018
Own use assets	N/A	N/A	N/A	N/A	£0
Long-term investments	N/A	N/A	N/A	N/A	£5.31m
Other assets	N/A	N/A	N/A	N/A	£310.20k
Defined benefit pension scheme asset or liability	N/A	N/A	N/A	N/A	£0
Total liabilities	N/A	N/A	N/A	N/A	£199.65k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.

Title	Reporting year	Date received	Received
Annual return	31 July 2019	Not submitted
Accounts and TAR	31 July 2019	Not submitted
Annual return	31 July 2018	30 May 2019	On time
Accounts and TAR	31 July 2018	30 May 2019	On time
Annual return	31 July 2017	10 April 2018	On time
Accounts and TAR	31 July 2017	10 April 2018	On time
Annual return	31 July 2016	11 April 2017	On time
Accounts and TAR	31 July 2016	11 April 2017	On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 12TH NOVEMBER 1979

Charitable objects

(I) TO THE GOVERNORS OF ST. PAUL'S SCHOOL LONSDALE ROAD, BARNES, FOR THE PURPOSE OF THE ESTABLISHMENT OF ONE OR MORE BURSARIES FOR THE BENEFIT OF A PUPIL OR PUPILS OF THE SCHOOL SPECIALISING IN ART. (II)(A) TO THE GOLDSMITHS' ART TRUST FUND, FOR THE PURPOSE OF THE ESTABLISHMENT OF ONE OR MORE THREE YEAR RESEARCH SCHOLARSIPS FOR A STUDENT OR STUDENTS OF THE GOLDSMITHS' CRAFT FOR THE PROVISION OF OVERSEAS TRAVEL. (B) FOR THE PURPOSE OF THE PROMOTION OF EDUCATION IN THE GOLDSMITHS' CRAFT OR SUCH OTHER APPLIED ARTS AS REFERRED TO IN SUB-CLAUSE (II)(A) BY APPLYING THE SAME TOWARDS THE PUBLICATION OF AN EDUCATIONAL WORK ON ANY SUCH SUBJECT OR SUBJECTS. (FOR FURTHER DETAILS SEE CLAUSE 6)

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

THE SOUTH SQUARE TRUST